First National, a GE company, has broadened its first mortgage product range with the launch of a new near prime product.
It has also improved fixed rates on its core range. The new products, available from September 7, are designed to meet the needs of a broader customer base and ensure that brokers have a range of easy to understand, innovative products on offer for customers.
The First National near prime product range has attractive rates across the range, starting from 4.64%. The product range consists of one and two year discount products and two and three-year fixed products. The near prime offering is available for all First National intermediaries.
The improved fixed range will be very attractive to customers who continue to favour a fixed interest rate. The First National fixed rates have been reduced by 0.25%, with rates starting at 5.84% for Ultralight products.
Duncan Berry, first mortgage sales director, GE Home Lending, says: “Improvements to the First National core range have been made to reflect the trends and developments in the market and to meet the demand and desire of our intermediaries and their customers. The introduction of new near prime products is particularly exciting as this is currently a key area of market growth. Also, the rates reduction on fixed rate products makes them extremely competitive at a time when they are hugely popular with borrowers.”